New Talisman Gold Mines has reported on its activities for the quarter ended December 31, 2024.
The company completed the purchase of a processing plant, which has since arrived and is being prepared for assembly and commissioning.
It plans to send concentrate samples to refiners to assess the best path to market.
The company said it will continue to limit underground activity and preserve cash.
However, its plans to commence production of concentrate in the first quarter of 2025 remain on track.
New Talisman also submitted an application for the Talisman Mine full mining consent to be included in the first tranche of projects in the Fast Track Authorisation Bill.
The application received a positive recommendation, but the project was not included in the list attached to the bill.
The company intends to utilise the Fast Track application process for a seamless transition from bulk sampling to full mining.
In other developments, New Talisman announced the grant of a minerals exploration permit to its subsidiary, Rahu Resources.
The permit covers 387 hectares and adjoins the mining permit for the Talisman mine.
It is valid for five years and coincides with the mine's first meaningful production.
The company also commenced the process of dealing with unmarketable parcels and paid director fees to companies in which directors and major shareholders have a substantial interest.
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